Amazon Com Inc

Amazon reported Q2 2026 net income of $62.6B ($5.75 diluted EPS) on total net sales of $200.6B, up 20% YoY, with operating income of $27.5B.

Net income increased to $62.6B in Q2 2026 from $18.2B in Q2 2025. The filing attributes the increase in other income (expense), net to upward adjustments for observable changes in price relating to nonvoting preferred stock in Anthropic and a reclassification adjustment for gains on available-for-sale debt securities from convertible notes investments in Anthropic converted to nonvoting preferred stock during the three months ended March 31, 2026.

Q2 2026 net income of $62.6B includes total non-operating income of $53.4B, primarily from upward adjustments for observable changes in price relating to nonvoting preferred stock in Anthropic and a reclassification adjustment for gains on available-for-sale debt securities. Operating income of $27.5B excludes these non-operating items. The income tax provision for the six months ended June 30, 2026 was $27.8B, which included $15.9B of net discrete tax expense primarily attributable to the upward adjustments to investments in Anthropic.

Capital expenditures $54.2B (prior $32.2B) (selected cash-flow amount, not necessarily total capital investment).

“We continually evaluate opportunities to sell additional equity or debt securities, obtain credit facilities, obtain finance and operating lease arrangements, enter into financing obligations, repurchase common stock, pay dividends, repurchase, refinance, or otherwise restructure our debt, or access capital through other financing arrangements for strategic reasons or to further strengthen our financial position.”

— Filing statement

“On April 13, 2026, Amazon entered into a definitive merger agreement to acquire Globalstar, Inc. (“Globalstar”), a Delaware corporation, for a mix of cash and stock consideration.”

— Filing statement

Return on equity was 11.4% (prior 5.4%) (period net income / period-end equity, not annualized); return on assets 5.7% (period net income / period-end assets, not annualized).

Third Quarter 2026 Guidance: Net sales are expected to be between $197.0 billion and $202.0 billion, or to grow between 9% and 12% compared with third quarter 2025. Excluding the impact of Prime Day in both 2025 and 2026, third quarter 2026 year-over-year growth would be nearly 400 basis points higher. This guidance anticipates an unfavorable impact of approximately 80 basis points from foreign exchange rates. Operating income is expected to be between $22.5 billion and $26.5 billion, compared with $17.4 billion in third quarter 2025. This guidance assumes, among other things, no impact from energy derivative contract remeasurements, and that no additional business acquisitions, restructurings, or legal settlements are concluded.

“We believe that cash flows generated from operations and our cash, cash equivalents, and marketable securities balances, as well as our borrowing arrangements and other financing activities, will be sufficient to meet our anticipated operating cash needs for at least the next twelve months.”

— Amazon.com, Inc.Verified in filing

Leverage: Identified debt as of 2026-06-30: reported debt balance of unestablished maturity scope of $128.9B. The concept behind this balance does not establish which maturities it covers. Total debt, net debt and debt-to-equity are therefore not stated.

Liquidity: Cash, cash equivalents, and marketable securities were $123.0B as of June 30, 2026. The company had no borrowings outstanding under its two unsecured revolving credit facilities or commercial paper programs.

Cash flow: Cash flow — operating $45.4B, investing $-79.2B, financing $10.1B.

Working capital: Current assets $249.3B vs. current liabilities $241.3B (current ratio 1.03x). Prior reported balance sheet as of 2025-12-31: $229.1B vs. $218.0B (1.05x).